Hat a 4:30 expiry might be safer for the simple fact that it’s sooner. In the pa - Jiwani

Hat a 4:30 expiry might be safer for the simple fact that it’s sooner. In the past I’ve heard the analogy that trading can be a lot like predicting the weather – easier to determine within close proximity but gets fuzzier the further out you try to predict. I think it holds true on some level. A bounce was produced here on the 4:25 candle and this trade won by 2-3 pips. Photo Screenshot2014-08-13at11115AM_zps895a47f1.png Trade #2 these next two trades were a bit unconventional relative to the ones that I usually take. Support 1, 1.33421, was the next target. But nothing set up there to my liking on the way down, and after the break of that level, nothing set up on the way back up with it acting as potential resistance. Not until 7:35AM EST did something actually come into view for me. On the way up from support 1, price kept running into a wall of resistance that had propped itself up along 1.33462. When the market reached back down to support 1 on the 7:40 candle, this told me that selling movement was still in.
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